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Tata Steel transfers JCAPC, Tata BlueScope stake to downstream products arm
January 02, 2021
A lean structure will help tap synergies across businesses, widen market reach
As part of its effort to reorganise business under four distinct divisions, Tata Steel has transferred its 51 per cent stake in Jamshedpur Continuous Annealing and Processing Company and 50 per cent stake in Tata BlueScope Steel to its wholly-owned subsidiary Tata Steel Downstream Products.
In November, Tata Steel had announced plans to reorganise its footprint in India under four clusters long products, downstream, mining and utilities and infrastructure to drive scale, synergies and simplification besides creating value for stakeholders. ....

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